WHAT IS REALLY GOING ON: 'WE CAN'T RUN THE WORLD WITHOUT CHINA' TO A MASSIVE US NATIONAL DEBT CHINA HELPED COVER, WILL CHINA HANG BY THE ROPE IT GAVE TO THE USA?

 

(THIS POST WAS UPDATED FOLLOWING THE ORIGINAL POSTING WITH NEW MATERIAL ADDED UPON REFLECTION WITH THE POST FINALIZED ON FEBRUARY 23RD)

"the biggest contribution that the U.S. can make to the debt issues outside the country is to act on responsible monetary policies, 

cope with its own debt problem, 

and stop sabotaging other countries' active efforts to solve their debt issues."

THE CHINESE EMBASSY IN ZAMBIA REACTS TO US TREASURY SECRETARY JANET YELLEN'S CRITICISM OF CHINA'S DEBT TERMS FOR AFRICAN NATIONS 1/24/2023

      "We can't run the world without China"

PRESIDENT RICHARD NIXON SPEAKS TO POLITICAL JOURNALIST THEODORE WHITE AS QUOTED IN 'THE MAKING OF THE PRESIDENT 1968'

"The capitalists will sell us the rope with which to hang them"

                      SOVIET COMMUNISM'S FOUNDER VLADIMIR LENIN

It was President Richard Nixon who started the process that would open up China economically in the end.

What was behind the meaning of those words about not being able to 'run the world without China'?

The late 1960's saw inflation in the US driven by massive government spending to provide the "guns and butter" for the Vietnam War and the Great Society authored by President Lyndon Johnson.

The debt load of the USA was about to take off.

When China accumulated great wealth and built itself up economically it ended up with large reserves of cash to help cover the massive US debt required to fund America's welfare state.

China also spent many billions investing in the US, UK and other countries.

Now the tune on China is changing after all these years of bringing China into the world economy there are clear moves towards restricting or containing China including the demonization of Chinese business like clothing maker Schein and social media giant TikTok.

Chinese investment may end up being confiscated by the US and nations aligned with the US.     Russian assets already headed that way in the not-too-distant future it seems only a matter of time until Chinese assets in the West are also grabbed.

I GUESS IF WE ARE TO BE HONEST THERE ARE LARGE SEGMENTS OF THE DEBT OF WESTERN NATIONS INCLUDING THE USA'S 30 TRILLION OR MORE NATIONAL DEBT THAT CHINA HELPED TO FINANCE.

IS IT POSSIBLE THAT THIS IS A DRIVING FORCE BEHIND THE INCREASINGLY HOSTILE ATTITUDE TOWARDS CHINA?

PRESIDENT TRUMP, WHO SQUARELY BLAMES CHINA FOR COVID, HAS ALREADY SPOKEN OF THE NOTION THAT CHINA MUST PAY 60 TRILLION DOLLARS OF 'REPARATIONS' FOR COVID.

NIXON IN CHINA: THE WEEK THAT CHANGED THE WORLD...

"we simply cannot afford to leave China forever outside the family of nations...There is no place on this small planet for a billion of its most able people to live in angry isolation."

RICHARD NIXON WRITING IN 'FOREIGN AFFAIRS' IN THE FALL OF 1967...

"GET YOUR OWN HOUSE IN ORDER: CHINA TELLS US TO FIX ITS DEBT PROBLEMS AFTER YELLEN'S AFRICA REMARKS"-REUTERS, INDIA TODAY

As I reflect on all this I recall Vladimir Lenin speaking of the Capitalists giving the Communists the rope that the Communists would use to hang the Capitalists.

Has China through its financing of the US national debt given the USA a financial lifeline, a rope that the US will end up hanging China with?

Does the United States now feel that it cannot pay back its financial obligations to China and must resort to confrontation maybe even war using its superior technology to bring China into submission to Western Power as happened during the Boxer Rebellion of 1900?